We are selling our coop apartment in NYC and buying a home in the NJ suburbs. We have an accepted offer to buy a house and are now listing our apartment for sale. Inventory is very low in our neighborhood and we do not expect to have any difficulty selling our place for about the same amount as the home we are buying.

We do not currently have a mortgage and thanks to an inheritance, we have enough liquid assets to be able to pay cash for the new place if desired. About $800K. We would have about $75K left over until we got the money from our apartment, which would probably be about the same time. We have good but not great retirement accounts and are in our late forties.

We are frugal types and I'm tempted to just pay cash for the new place, but rates are sooooooo low. What should we do, what should we be thinking about... Thanks for any advice.

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.